Neuberger Berman Group LLC Increases Stock Position in Enerflex Ltd. $EFXT

Neuberger Berman Group LLC lifted its holdings in Enerflex Ltd. (NYSE:EFXT) by 78.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,321 shares of the company’s stock after purchasing an additional 52,433 shares during the quarter. Neuberger Berman Group LLC owned 0.10% of Enerflex worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EFXT. Jupiter Asset Management Ltd. bought a new stake in shares of Enerflex during the first quarter worth $348,000. Public Employees Retirement System of Ohio grew its holdings in shares of Enerflex by 43.6% in the second quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock worth $1,303,000 after purchasing an additional 50,193 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Enerflex in the 2nd quarter worth about $1,718,000. Acadian Asset Management LLC lifted its holdings in Enerflex by 29.0% during the 2nd quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after buying an additional 466,535 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Enerflex by 131.8% during the 1st quarter. American Century Companies Inc. now owns 126,293 shares of the company’s stock valued at $976,000 after buying an additional 71,815 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EFXT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, October 8th. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Finally, Royal Bank Of Canada raised their target price on shares of Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and an average target price of $13.13.

Enerflex Stock Up 1.3%

NYSE:EFXT opened at $13.97 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. Enerflex Ltd. has a twelve month low of $6.18 and a twelve month high of $14.18. The company has a market cap of $1.70 billion, a PE ratio of 12.70 and a beta of 2.03. The company’s 50 day moving average is $12.20 and its two-hundred day moving average is $9.79.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $777.00 million for the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. Analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.0425 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is 10.91%.

Enerflex Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.